Legal & General Group Plc Buys 68,173 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Legal & General Group Plc raised its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 534,447 shares of the real estate investment trust's stock after buying an additional 68,173 shares during the quarter. Legal & General Group Plc owned 0.53% of Armada Hoffler Properties worth $5,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position in Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 2,000 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $107,000. Caisse Des Depots ET Consignations acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $110,000. Inspire Advisors LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter worth approximately $122,000. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 1,862 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th.

Insider Activity at Armada Hoffler Properties

In related news, Director A Russell Kirk bought 50,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the completion of the acquisition, the director now directly owns 119,430 shares in the company, valued at approximately $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 90,954 shares of company stock valued at $699,607. Insiders own 11.90% of the company's stock.

Armada Hoffler Properties Stock Down 2.0 %

NYSE AHH traded down $0.14 on Friday, reaching $6.65. The stock had a trading volume of 131,494 shares, compared to its average volume of 698,985. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $12.46. The business has a 50 day moving average price of $7.77 and a 200 day moving average price of $9.54. The company has a market capitalization of $673.27 million, a price-to-earnings ratio of 20.74 and a beta of 0.89.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. The firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.43%. Armada Hoffler Properties's dividend payout ratio is currently 175.00%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.